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    Canada 5G Industrial IoT Market

    ID: MRFR/ICT/56740-HCR
    200 Pages
    Aarti Dhapte
    October 2025

    Canada 5G Industrial IoT Market Research Report By Component (Hardware, Solution, Service), By Organization Size (Large Enterprise, Small & Medium Enterprise) and By Application (Predictive Maintenance, Business Process Optimization, Asset Tracking & Management, Logistics & Supply Chain Management, Real-time Workforce Tracking & Management, Automation Control & Management, Emergency)-Forecast to 2035

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    Canada 5G Industrial IoT Market Infographic
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    Canada 5G Industrial IoT Market Summary

    As per MRFR analysis, the 5g industrial-iot market Size was estimated at 21.46 USD Billion in 2024. The 5g industrial-iot market industry is projected to grow from 22.52 USD Billion in 2025 to 36.48 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 4.94% during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The Canada 5G industrial-IoT market is poised for substantial growth driven by technological advancements and evolving industry needs.

    • The largest segment in the Canada 5G industrial-IoT market is smart manufacturing, which is experiencing increased adoption across various industries.
    • Enhanced supply chain management is emerging as the fastest-growing segment, reflecting a shift towards more efficient logistics and operations.
    • A notable trend is the focus on sustainability and energy efficiency, as companies seek to reduce their environmental impact while optimizing performance.
    • Key market drivers include the expansion of industrial automation and government initiatives and funding aimed at fostering innovation.

    Market Size & Forecast

    2024 Market Size 21.46 (USD Billion)
    2035 Market Size 36.48 (USD Billion)

    Major Players

    Ericsson (SE), Nokia (FI), Huawei (CN), Qualcomm (US), Cisco (US), Samsung (KR), Intel (US), ZTE (CN), Siemens (DE)

    Canada 5G Industrial IoT Market Trends

    The 5g industrial-iot market is currently experiencing a transformative phase, driven by advancements in connectivity and automation technologies. In Canada, industries are increasingly adopting 5g solutions to enhance operational efficiency and enable real-time data processing. This shift is largely influenced by the need for improved communication between devices, which is essential for the seamless integration of IoT applications. As organizations seek to optimize their processes, the demand for robust and reliable 5g networks is becoming more pronounced. Furthermore, the Canadian government is actively promoting initiatives to support the deployment of 5g infrastructure, which is likely to accelerate the growth of this market. Moreover, the integration of artificial intelligence and machine learning with 5g industrial-iot applications is anticipated to create new opportunities for innovation. Companies are exploring ways to leverage these technologies to analyze vast amounts of data generated by connected devices. This trend suggests a shift towards more intelligent systems that can adapt to changing conditions and improve decision-making processes. As the 5g industrial-iot market continues to evolve, it appears that collaboration between various stakeholders, including technology providers and regulatory bodies, will be crucial in shaping its future landscape.

    Increased Adoption of Smart Manufacturing

    The 5g industrial-iot market is witnessing a surge in smart manufacturing initiatives. Canadian manufacturers are increasingly implementing connected devices and systems to enhance productivity and reduce operational costs. This trend indicates a shift towards more automated processes, where real-time data analytics play a pivotal role in decision-making.

    Enhanced Supply Chain Management

    The integration of 5g technology is transforming supply chain management within the 5g industrial-iot market. Companies are utilizing advanced tracking and monitoring systems to gain better visibility and control over their supply chains. This development suggests a move towards more efficient logistics and inventory management practices.

    Focus on Sustainability and Energy Efficiency

    Sustainability is becoming a key focus in the 5g industrial-iot market. Canadian industries are exploring ways to reduce their environmental impact through energy-efficient technologies. The adoption of 5g solutions is likely to facilitate smarter energy management systems, contributing to overall sustainability goals.

    Canada 5G Industrial IoT Market Drivers

    Integration of Edge Computing

    The integration of edge computing is emerging as a significant driver for the 5g industrial-iot market. By processing data closer to the source, edge computing reduces latency and enhances the efficiency of industrial operations. This is particularly relevant in sectors such as manufacturing and logistics, where timely data processing is critical. In Canada, the edge computing market is anticipated to grow substantially, with estimates suggesting a value of $2 billion by 2025. The synergy between edge computing and 5G technology allows for more responsive and adaptive industrial systems, thereby fostering growth in the 5g industrial-iot market.

    Increased Focus on Cybersecurity

    An increased focus on cybersecurity is becoming a vital driver for the 5g industrial-iot market. As industries adopt more connected devices and systems, the potential for cyber threats escalates. In Canada, businesses are investing heavily in cybersecurity measures to protect their operations and data integrity. The cybersecurity market is projected to reach $4 billion by 2025, reflecting the growing awareness of the need for robust security protocols. This emphasis on cybersecurity not only safeguards industrial operations but also instills confidence in the adoption of 5G technologies, thereby propelling the growth of the 5g industrial-iot market.

    Expansion of Industrial Automation

    The expansion of industrial automation in Canada is a pivotal driver for the 5g industrial-iot market. As industries increasingly adopt automated processes, the demand for real-time data transmission and connectivity intensifies. The integration of 5G technology facilitates seamless communication between machines, sensors, and control systems, enhancing operational efficiency. In 2025, it is estimated that the automation sector in Canada could reach a valuation of approximately $10 billion, with a significant portion attributed to 5G-enabled solutions. This shift towards automation not only streamlines production but also reduces operational costs, making it a compelling factor for businesses to invest in the 5g industrial-iot market.

    Government Initiatives and Funding

    Government initiatives and funding play a crucial role in propelling the 5g industrial-iot market in Canada. The Canadian government has recognized the potential of 5G technology in enhancing industrial capabilities and has launched various programs to support its deployment. For instance, funding for research and development in 5G applications is expected to exceed $500 million by 2026. These initiatives aim to foster innovation, improve infrastructure, and encourage collaboration between public and private sectors. As a result, businesses are more likely to adopt 5G solutions, thereby driving growth in the 5g industrial-iot market.

    Rising Demand for Real-Time Data Analytics

    The rising demand for real-time data analytics is significantly influencing the 5g industrial-iot market. Industries are increasingly relying on data-driven decision-making to enhance productivity and operational efficiency. With the capabilities of 5G technology, organizations can process vast amounts of data in real-time, enabling them to respond swiftly to market changes and operational challenges. In Canada, the market for data analytics in industrial applications is projected to grow at a CAGR of 25% through 2025. This trend underscores the necessity for robust connectivity solutions, positioning the 5g industrial-iot market as a vital component in meeting these analytical demands.

    Market Segment Insights

    Canada 5G Industrial IoT Market Segment Insights

    Canada 5G Industrial IoT Market Segment Insights

    5G Industrial IoT Market Component Insights

    5G Industrial IoT Market Component Insights

    The Canada 5G Industrial IoT Market is characterized by a diverse range of components that play a crucial role in driving its growth and development. This segment encompasses various elements such as Hardware, Solutions, and Services, each contributing significantly to the overall efficiency and functionality of the industrial IoT ecosystem. Hardware remains essential, providing the foundational technology necessary for connectivity, data processing, and communication between devices.

    With the integration of 5G, this segment is witnessing advancements that enhance performance and reliability, catering to industries such as manufacturing, healthcare, and transportation.Solutions, on the other hand, focus on software and applications that enable real-time analytics, remote monitoring, and automated processes, thereby optimizing operations and reducing costs.

    The demand for customized solutions has surged as businesses look to leverage 5G capabilities for greater productivity and innovation in their respective fields. Services, including network management, maintenance, and support, are becoming ever more critical as companies transition to 5G-enabled environments.

    These services ensure seamless integration and operational continuity, which are vital for industries dependent on timely data exchange and responsiveness.The combination of these components illustrates the intricate interdependencies that define the Canada 5G Industrial IoT Market, with ongoing advancements creating numerous opportunities for growth and enhanced industry applications across sectors.

    5G Industrial IoT Market Organization Size Insights

    5G Industrial IoT Market Organization Size Insights

    The Canada 5G Industrial IoT Market demonstrates a clear distinction in insights based on Organization Size, highlighting the significant role of both Large Enterprises and Small and Medium Enterprises (SMEs). Large Enterprises tend to dominate the market due to their vast resources, enabling them to invest heavily in advanced technologies and robust infrastructure that the 5G Industrial IoT ecosystem requires. This segment frequently prioritizes efficiency and scalability, making it a leader in adopting IoT solutions to enhance productivity.

    On the other hand, Small and Medium Enterprises are increasingly recognizing the potential of 5G technology to level the playing field, providing them with tools to innovate and improve operations without the substantial capital typically associated with technological advancements.

    This segment often focuses on tailored solutions that cater to specific industry needs, fostering agility and responsiveness. Overall, the differentiation in the Organization Size segment underscores a diverse landscape in the Canada 5G Industrial IoT Market, reflecting varied growth drivers, such as operational efficiency, accessibility of technology, and the pursuit of competitive advantage, all contributing to its dynamic evolution.

    5G Industrial IoT Market Application Insights

    5G Industrial IoT Market Application Insights

    The Canada 5G Industrial IoT Market has witnessed a notable expansion within its Application segment, reflecting the increasing adoption of advanced technologies across various industries.

    This segment is characterized by diverse applications such as Predictive Maintenance, which enhances equipment reliability; Business Process Optimization, offering greater efficiency in operational workflows; and Asset Tracking and Management, enabling companies to monitor assets in real-time.

    Logistics and Supply Chain Management applications are becoming essential, as they help industries streamline operations and reduce costs.Real-time Workforce Tracking and Management play a critical role in enhancing worker productivity and ensuring safety. Furthermore, Automation Control and Management are vital for improving the consistency and quality of production processes. The Emergency application emphasizes responsiveness, improving reaction times in critical situations.

    The synergy of these applications illustrates the growing reliance on 5G technologies to drive innovation, increase efficiency, and reduce operational complexities in Canada.

    As sectors like manufacturing and transportation embrace these advancements, the resulting data-rich environments foster actionable insights that can significantly optimize performance and enhance decision-making capabilities.The overall trends indicate a strong shift towards interconnected systems that not only elevate productivity but also provide opportunities for future growth in a competitive landscape.

    Get more detailed insights about Canada 5G Industrial IoT Market

    Key Players and Competitive Insights

    The 5g industrial-iot market in Canada is characterized by a dynamic competitive landscape, driven by rapid technological advancements and increasing demand for connectivity solutions across various sectors. Key players such as Ericsson (SE), Nokia (FI), and Qualcomm (US) are strategically positioned to leverage their extensive portfolios in telecommunications and IoT solutions. These companies focus on innovation and partnerships to enhance their offerings, thereby shaping a competitive environment that emphasizes technological superiority and customer-centric solutions.

    In terms of business tactics, companies are increasingly localizing manufacturing and optimizing supply chains to enhance operational efficiency. The market appears moderately fragmented, with several key players exerting considerable influence. This structure allows for a diverse range of solutions, catering to the specific needs of various industries, while also fostering competition that drives innovation and service quality.

    In October 2025, Ericsson (SE) announced a partnership with a leading Canadian energy provider to deploy a 5g-enabled smart grid solution. This strategic move is significant as it not only enhances the energy provider's operational efficiency but also positions Ericsson as a leader in the energy sector's digital transformation. The collaboration is expected to facilitate real-time data analytics and improve energy management, showcasing the potential of 5g technology in optimizing industrial operations.

    In September 2025, Nokia (FI) launched a new suite of 5g industrial IoT applications aimed at enhancing manufacturing processes. This initiative reflects Nokia's commitment to innovation and its focus on providing tailored solutions for the manufacturing sector. By integrating advanced analytics and AI capabilities, Nokia aims to streamline operations and reduce downtime, thereby increasing productivity for its clients.

    In November 2025, Qualcomm (US) unveiled a new 5g chipset designed specifically for industrial IoT applications. This development is crucial as it enhances device connectivity and performance, enabling manufacturers to deploy more sophisticated IoT solutions. Qualcomm's focus on developing cutting-edge technology underscores its role in driving the evolution of the industrial IoT landscape, positioning it favorably against competitors.

    As of November 2025, current trends in the competitive landscape include a strong emphasis on digitalization, sustainability, and AI integration. Strategic alliances among key players are increasingly shaping the market, fostering innovation and enhancing service delivery. Looking ahead, competitive differentiation is likely to evolve, with a shift from price-based competition to a focus on innovation, technology, and supply chain reliability. This transition suggests that companies that prioritize these aspects will be better positioned to thrive in the rapidly evolving 5g industrial-iot market.

    Key Companies in the Canada 5G Industrial IoT Market market include

    Industry Developments

    The Canada 5G Industrial IoT Market has seen significant developments recently, particularly as companies enhance their infrastructures and adoption of advanced technologies.

    Rogers Communications announced plans in September 2023 to expand its 5G network to more industrial sectors, aiming to support Canadian manufacturers. Concurrently, IBM Corporation and Microsoft Corporation are collaborating on cloud solutions that cater to 5G-powered IoT applications.

    Telus Corporation has begun integrating 5G technology with its IoT services to optimize operations for different sectors, fueling market growth. Notably, in August 2023, Bell Canada and Nokia Corporation reported a partnership focused on developing private 5G networks, boosting industry innovation.

    Additionally, in July 2023, Cisco Systems and Schneider Electric collaborated to offer IoT solutions that can be utilized across various industrial applications.

    The growth in market valuation for companies like Ericsson and Qualcomm has implications for competition and investment in 5G technologies. Over the past two to three years, the regulatory framework in Canada has also evolved, enhancing the environment for 5G deployments, reflecting a proactive approach to improving connectivity for industrial IoT solutions.

    Future Outlook

    Canada 5G Industrial IoT Market Future Outlook

    The 5G industrial-IoT market in Canada is projected to grow at a 4.94% CAGR from 2024 to 2035, driven by advancements in connectivity, automation, and data analytics.

    New opportunities lie in:

    • Development of smart manufacturing solutions integrating AI and 5G technologies.
    • Implementation of predictive maintenance systems for industrial equipment.
    • Creation of secure, real-time data exchange platforms for supply chain optimization.

    By 2035, the market is expected to be robust, driven by innovative applications and enhanced connectivity.

    Market Segmentation

    Canada 5G Industrial IoT Market Component Outlook

    • Hardware
    • Solution
    • Service

    Canada 5G Industrial IoT Market Application Outlook

    • Predictive Maintenance
    • Business Process Optimization
    • Asset Tracking & Management
    • Logistics & Supply Chain Management
    • Real-time Workforce Tracking & Management
    • Automation Control & Management
    • Emergency, Incident Management & Business Communication

    Canada 5G Industrial IoT Market Organization Size Outlook

    • Large Enterprise
    • Small & Medium Enterprise

    Report Scope

    MARKET SIZE 202421.46(USD Billion)
    MARKET SIZE 202522.52(USD Billion)
    MARKET SIZE 203536.48(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR)4.94% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Billion
    Key Companies Profiled["Ericsson (SE)", "Nokia (FI)", "Huawei (CN)", "Qualcomm (US)", "Cisco (US)", "Samsung (KR)", "Intel (US)", "ZTE (CN)", "Siemens (DE)"]
    Segments CoveredComponent, Organization Size, Application
    Key Market OpportunitiesIntegration of advanced automation and real-time data analytics in the 5g industrial-iot market.
    Key Market DynamicsRapid technological advancements drive competitive forces in the 5G industrial-IoT market, enhancing operational efficiencies.
    Countries CoveredCanada

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    FAQs

    What is the expected market size of the Canada 5G Industrial IoT Market by 2024?

    The Canada 5G Industrial IoT Market is expected to be valued at 28.61 billion USD by 2024.

    What is the projected value of the Canada 5G Industrial IoT Market by 2035?

    By 2035, the expected value of the Canada 5G Industrial IoT Market is 48.02 billion USD.

    What is the expected compound annual growth rate (CAGR) for the Canada 5G Industrial IoT Market from 2025 to 2035?

    The expected CAGR for the Canada 5G Industrial IoT Market from 2025 to 2035 is 4.82 percent.

    Which company is expected to have a dominant market share in the Canada 5G Industrial IoT Market?

    Major players such as Rogers Communications, IBM Corporation, and Microsoft Corporation are expected to have a dominant market share in the Canada 5G Industrial IoT Market.

    What is the estimated market value for the hardware component of the Canada 5G Industrial IoT Market in 2024?

    The hardware component of the Canada 5G Industrial IoT Market is estimated to be valued at 10.8 billion USD in 2024.

    What is the expected market size for solutions in the Canada 5G Industrial IoT Market by 2035?

    The solutions segment is expected to reach a market size of 16.5 billion USD by 2035.

    How much is the services segment of the Canada 5G Industrial IoT Market projected to be worth in 2024?

    The services segment is projected to be worth 7.71 billion USD in 2024.

    What key opportunities are driving the growth of the Canada 5G Industrial IoT Market?

    Key opportunities driving growth include advancements in technology and increasing demand for automation across industries.

    How is the current competitive landscape affecting the Canada 5G Industrial IoT Market?

    The competitive landscape is intensifying with major firms like Cisco Systems and Nokia Corporation actively investing in innovation.

    What are the primary applications of the Canada 5G Industrial IoT Market?

    Primary applications include smart manufacturing, supply chain optimization, and predictive maintenance.

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